{"author":[{"full_name":"Friehe, Tim","last_name":"Friehe","first_name":"Tim"},{"id":"201086","first_name":"Markus","last_name":"Pannenberg","full_name":"Pannenberg, Markus"}],"publisher":"Elsevier BV","quality_controlled":"1","doi":"10.1016/j.socec.2020.101651","volume":92,"publication_identifier":{"issn":["22148043"]},"abstract":[{"lang":"eng","text":"This paper investigates if and how time preferences are related to beliefs regarding one’s own future outcomes. We measure overconfident beliefs using the difference between an individual’s expected position and their observed percentile in the distribution of monthly gross wages one year after our survey. Our regression exercises link this bias measure to information about patience, conditioning on risk preferences, personality traits, cognitive ability, and the individual’s socio-economic status. On average, we find that greater patience is associated with lower overplacement in the future distribution of individual monthly gross wages."}],"type":"journal_article","article_number":"101651","language":[{"iso":"eng"}],"intvolume":"        92","date_updated":"2023-05-10T07:33:37Z","year":"2021","publication_status":"published","citation":{"alphadin":"<span style=\"font-variant:small-caps;\">Friehe, Tim</span> ; <span style=\"font-variant:small-caps;\">Pannenberg, Markus</span>: Time preferences and overconfident beliefs: Evidence from germany. In: <i>Journal of Behavioral and Experimental Economics</i> Bd. 92, Elsevier BV (2021)","short":"T. Friehe, M. Pannenberg, Journal of Behavioral and Experimental Economics 92 (2021).","ieee":"T. Friehe and M. Pannenberg, “Time preferences and overconfident beliefs: Evidence from germany,” <i>Journal of Behavioral and Experimental Economics</i>, vol. 92, 2021.","chicago":"Friehe, Tim, and Markus Pannenberg. “Time Preferences and Overconfident Beliefs: Evidence from Germany.” <i>Journal of Behavioral and Experimental Economics</i> 92 (2021). <a href=\"https://doi.org/10.1016/j.socec.2020.101651\">https://doi.org/10.1016/j.socec.2020.101651</a>.","apa":"Friehe, T., &#38; Pannenberg, M. (2021). Time preferences and overconfident beliefs: Evidence from germany. <i>Journal of Behavioral and Experimental Economics</i>, <i>92</i>. <a href=\"https://doi.org/10.1016/j.socec.2020.101651\">https://doi.org/10.1016/j.socec.2020.101651</a>","ama":"Friehe T, Pannenberg M. Time preferences and overconfident beliefs: Evidence from germany. <i>Journal of Behavioral and Experimental Economics</i>. 2021;92. doi:<a href=\"https://doi.org/10.1016/j.socec.2020.101651\">10.1016/j.socec.2020.101651</a>","mla":"Friehe, Tim, and Markus Pannenberg. “Time Preferences and Overconfident Beliefs: Evidence from Germany.” <i>Journal of Behavioral and Experimental Economics</i>, vol. 92, 101651, Elsevier BV, 2021, doi:<a href=\"https://doi.org/10.1016/j.socec.2020.101651\">10.1016/j.socec.2020.101651</a>.","bibtex":"@article{Friehe_Pannenberg_2021, title={Time preferences and overconfident beliefs: Evidence from germany}, volume={92}, DOI={<a href=\"https://doi.org/10.1016/j.socec.2020.101651\">10.1016/j.socec.2020.101651</a>}, number={101651}, journal={Journal of Behavioral and Experimental Economics}, publisher={Elsevier BV}, author={Friehe, Tim and Pannenberg, Markus}, year={2021} }"},"user_id":"249199","publication":"Journal of Behavioral and Experimental Economics","title":"Time preferences and overconfident beliefs: Evidence from germany","date_created":"2021-06-03T11:55:23Z","status":"public","_id":"1135","article_type":"original"}